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The Biden administration is launching a beta website for its new income-driven student loan repayment plan today, officials told CNN, allowing borrowers to begin submitting applications for the ...
You can get a refund without applying if your payments brought your loan balance below the maximum debt relief amount: $10,000 for all borrowers, and $20,000 for Pell Grant recipients. Borrowers ...
It’s uncertain how long that process will take. Under Biden’s plan, up to $10,000 in federal student debt relief will be provided to individual borrowers with annual incomes below $125,000 in ...
President Joe Biden is determined to provide debt forgiveness to federal student loan borrowers, despite more than a year of having his plans challenged and shot down in the courts.The ...
The Department of Education launched a beta website on July 31 for the Biden administration's new income-driven repayment (IDR) plan called the Saving on a Valuable Education (SAVE) Plan, in...
Educational assistance programs have been available for many years, the IRS noted, but the option to use them to pay student loans has been available only for payments made after Mar. 27, 2020.
President Biden is trying again to cancel student loan debt for up to 25 million borrowers after the Supreme Court killed his first effort to do so last year. The new plan draws on a different ...
The Biden administration announced Wednesday the next steps for student debt relief this fall. On Thursday, the Department of Education will begin emailing borrowers who have at least one ...